Answer:
d. $1,875 unfavorable
Explanation:
Direct material quantity variance is computed as;
= (AQ - SQ) × SP
AQ = Actual quantity = 6,300 units
SQ = Standard quantity = 14,200 / 2 = 7,300 units
SP = Standard price = $0.80
Direct material quantity variance
= (6,300 - 7,300) × 0.80
= -1,000 × $0.80
= -1,875 unfavorable
Answer:
Sam’s Home Store can enforce the contract against Restore Construction Company
Explanation:
In contract law, only the parties involved in a contract can take action to enforce the contract. In this case Sam' Home Store signed the contract with Restore, so they can enforce it. Any third party beneficiaries from the contract, like United Building Supplies, are not entitled to enforce anything.
Answer:
The answer is: E) Market development strategy
Explanation:
A market development strategy involves selling your current products in new markets.
In this case, Quitman Enterprises will sell their language dictionary (current product) to international students abroad (new market).
They will seek to expand their potential market through new users of the same product.
Remember that a perfectly elastic demand is a demand where any price increase would cause the quantity demanded to fall to zero, and reducing the price of a good or service will not increase sales.
Also, equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect.
Finally, equilibrium quantity is when supply equals demand for a product.
Therefore, the answer to this question is:
Price is unchanged and quantity is unchanged
Answer:
Price:
b. unchanged
Quantity:
b. unchanged